Accounting Services

accounting-service

Accounting functions usually require a high level of human effort, concentration and time. It becomes even more complex and ardent when you are not very efficient in handling accounting problems. In fact, it can distract the concentration of the business owners from their core productive activities. Hence, it is always wise to outsource your accounting services in the hands of professionals.

Outsourcing your accounting and bookkeeping allows you to dedicate your precious time on growing business revenues. Singapore Audit provides full range of outsourcing accounting services, from bookkeeping services to XBRL filing. By leveraging latest technology and expertise, we are able to offer seamless accounting services at affordable price to all our valuable clients. Recognizing the fact that accounting needs of every client is unique, we offer customized services to suit your requirements.

Compilation Financial Statement

  • Gather relevant documents to assess and analyze financial position of the clients
  • Undertake a close scrutiny to identify any obvious misrepresentation or non compliance
  • Compile Financial reports in accordance with Singapore Accounting Standard

XBRL (eXtensible Business Reporting Language) Report

  • Prepare annual financial report in XBRL format
  • Information on Latest and revised XBRL requirements
  • Keep inform about the changes
  • Assistance for revised XBRL filing
  • Guidance on BizFinx preparation tool

Bookkeeping Services

  • Data entry of accounting records into accounting system
  •  Preparation of profit and loss statements and balance sheets
  • Reconciliation of bank accounts
  • Accounts Receivable and Accounts Payable
  • Preparation of financial statements in accordance with the Financial Reporting Standards of Singapore
  • Fixed Asset Ledger
  • Consolidation accounting and preparation of group financial statements
  • Cash flow statement
  • Financial Analysis for weekly, quarterly, monthly and annually
  • General account filing

Setup of Accounting System

  • Updates on pros and cons of latest accounting software in the market
  • Installation service of accounting software for client’s businesses
  • Data entry services
  • Technical support

Sole Proprietorship and Partnership Accounting

  • Sole proprietorship Accounting :
  • General ledger services
  • Basic accounting services
  • Tax assistance
  • Partnership Accounting :
  • Profit and loss appropriation account and capital account
  • calculation of interest on drawings and capital
  • capital ratio calculation
  • calculation of interest on partner’s loan to firm
  • treatments of past adjustment and joint life policy
  • salary or commission of partners

Corporate Accounting

  • Maintain accounting records including general ledgers, cash books, accounts receivable and payable, fixed asset ledger, etc.
  • Prepare periodic management accounts, budgets and cash flow statements.
  • Compile annual statutory financial statements
  • Review accounts to ensure credibility
  • Liaison with the auditors during the audit of financial statements
  • Implement accounting policies and procedures

Accounting for international businesses

  • Customized and comprehensive accounting solutions for the international clients
  • Direct contact with the clients to understand their accounting needs.
  • Conduct video conferencing, online meeting for discussing
  • Deliver quality services at most competitive price.
Please feel free to contact us on +65 6536 0036 or drop in an email at info@singaporeaudit.com.sg

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